LBI Real Estate Weekly Sales Update 3/3/2019-3/10/2019: Activity was steady on Long Beach Island. In total there were 82 changes to the MLS including 25 new listings! To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

25 new listings entered the market with an average price of $1,067,000 (rounded)

11 listings went under contact with an average listing price of about $1,000,000 (rounded)

LBI Real Estate Weekly Sales 3/3/2019-3/10/2019

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, “P” means the property is under contract (pending), “C” means the property sold and “W” or “X” means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.

Type

Chg Type

Type

Street Number

Street Name

Municipality

Current Price

Beds Total

Baths Full

Baths Half

Sq Ft Total

DOM

CONDO

NEW

A

20

Washington

Long Beach Twp

$310,000

2

1

0

622

11

SF

NEW

A

275

14th

Surf City

$488,000

5

1

1

1,400

8

SF

NEW

A

247

11th

Ship Bottom

$510,000

2

2

0

918

7

SF

NEW

A

369

8th

Ship Bottom

$540,000

3

2

0

1,226

3

SF

NEW

A

216

11th

Surf City

$559,000

3

2

1

1,322

8

SF

NEW

A

8005

Long Beach

Long Beach Twp

$595,000

6

2

2

1,760

0

SF

NEW

A

302

18th

Ship Bottom

$629,000

4

2

0

1,580

7

SF

NEW

A

319

10th

Ship Bottom

$639,000

3

2

0

1,295

3

CONDO

NEW

A

901

Ocean Ave

Ship Bottom

$689,000

2

2

0

1,081

2

SF

NEW

A

5

Culver

Long Beach Twp

$798,000

4

2

0

1,428

1

SF

NEW

A

10

6th

Surf City

$819,000

3

2

0

1,344

15

SF

NEW

A

1215

Central

Ship Bottom

$829,000

4

3

0

2,310

3

SF

NEW

A

11

Lillie

Long Beach Twp

$849,900

4

2

0

1,729

2

SF

NEW

A

317

12th

Surf City

$889,900

4

3

0

1,854

6

SF

NEW

A

1097 A

Long Beach

Long Beach Twp

$919,900

4

3

1

2,450

2

SF

NEW

A

320

Norwood

Beach Haven Borough

$950,000

3

2

0

0

4

SF

NEW

A

1097 A

Long Beach

Long Beach Twp

$959,900

4

3

1

2,450

2

SF

NEW

A

1601

Long Beach Blvd.

Long Beach Twp

$999,950

4

3

1

2,360

3

SF

NEW

A

103

15th

Ship Bottom

$1,395,000

5

4

1

3,270

1

SF

NEW

A

6

22nd St.

Barnegat Light

$1,595,000

5

3

1

2,950

2

SF

NEW

A

1097 A

Long Beach

Long Beach Twp

$1,859,900

8

6

2

4,900

2

SF

NEW

A

200

Atlantic

Beach Haven Borough

$2,430,000

10

11

1

5,447

10

SF

NEW

A

15

Ocean

Surf City

$3,295,000

6

4

1

3,700

5

COM

NEW

A

200

Atlantic

Beach Haven Borough

$2,430,000

0

0

0

0

10

MUL

NEW

A

10

Marshall

Long Beach Twp

$699,000

0

0

0

1,500

3

CONDO

BOM

A

1805

Long Beach

Ship Bottom

$459,000

2

1

1

1,398

223

CONDO

DOWN

A

306

5th

Beach Haven Borough

$499,999

3

2

0

1,100

397

SF

DOWN

A

8

W. 28th

Barnegat Light

$599,000

3

1

0

1,128

249

SF

DOWN

A

224

21st

Ship Bottom

$635,000

3

2

0

1,100

23

SF

DOWN

A

18

Harrington

Long Beach Twp

$649,900

5

3

0

1,748

126

SF

DOWN

A

11

13th

Long Beach Twp

$679,000

3

1

1

1,120

597

SF

DOWN

A

37

South 34th Street

Long Beach Twp

$895,000

5

2

0

2,200

110

SF

DOWN

A

234

22nd

Surf City

$899,000

3

3

0

1,192

65

SF

DOWN

A

1

Seabreeze

Long Beach Twp

$899,900

5

3

1

2,371

44

SF

DOWN

A

32

15th

Surf City

$910,000

4

2

1

1,862

168

SF

DOWN

A

2113

Bay

Beach Haven Borough

$995,000

4

2

1

2,000

172

SF

DOWN

A

12

sailboat lane (89th)

Long Beach Twp

$1,214,000

4

3

1

2,113

122

SF

DOWN

A

227

4th

Beach Haven Borough

$1,475,000

5

3

1

2,470

273

SF

DOWN

A

463

Schoderer

Surf City

$1,599,000

4

2

1

2,753

33

SF

DOWN

A

4

East 85th

Harvey Cedars

$1,650,000

4

3

1

3,294

344

SF

DOWN

A

121

Alabama

Long Beach Twp

$2,299,000

4

3

1

2,700

44

SF

DOWN

A

84

Bayview

Long Beach Twp

$2,495,000

4

3

0

2,500

585

LND

DOWN

A

14

Albright

Long Beach Twp

$525,000

0

0

0

8,500

110

MUL

DOWN

A

3

Seabreeze

Long Beach Twp

$655,000

0

0

0

1,376

143

SF

UP

A

5413

West

Long Beach Twp

$995,000

4

2

1

1,932

1

SF

UP

A

11501

Long Beach

Long Beach Twp

$1,799,850

5

3

1

3,800

68

SF

UP

A

116

Lillie

Long Beach Twp

$1,949,000

6

5

1

2,966

26

SF

K

K

810

Bay Club

Beach Haven Borough

$950,000

3

2

1

1,500

20

SF

P

P

1106

Barnegat

Surf City

$450,000

3

1

0

985

30

CONDO

P

P

10

Osborn Unit 201

Long Beach Twp

$499,900

4

2

1

1,445

89

SF

P

P

16

Shore

Surf City

$499,900

3

1

1

960

133

CONDO

P

P

16

Shore

Surf City

$499,900

3

1

1

960

53

SF

P

P

30

Sand Dune

Long Beach Twp

$549,999

4

1

1

924

25

SF

P

P

7

27th

Barnegat Light

$849,000

2

1

0

768

259

SF

P

P

3

Warwick

Harvey Cedars

$895,000

4

2

0

1,600

8

SF

P

P

140

Long Beach

Long Beach Twp

$1,199,000

4

3

1

2,910

102

SF

P

P

223

5th

Surf City

$1,299,000

4

3

1

2,500

8

SF

P

P

1007

Ocean

Surf City

$3,299,000

6

6

1

3,650

150

SF

W

W

247

11th

Ship Bottom

$517,450

2

2

0

918

106

CONDO

W

W

369

8th

Ship Bottom

$2,800

3

2

0

1,226

31

CONDO

V

V

20

21st

Long Beach Twp

$399,000

3

1

0

1,000

62

SF

V

V

319

10th

Ship Bottom

$639,000

3

2

0

1,295

210

SF

V

V

10

Marshall

Long Beach Twp

$699,000

4

2

0

1,500

63

SF

V

V

15

Ocean (N 1st St)

Surf City

$3,995,000

6

4

1

3,696

48

LND

V

V

15

Ocean (N 1st St) Lot 4

Surf City

$1,850,000

0

0

0

0

55

LND

V

V

15

Ocean (N 1st St) Lot 3

Surf City

$2,250,000

0

0

0

0

55

INOW

C

C

12

78th Unit 2

Harvey Cedars

$78,000

3

1

1

1,000

589

SF

C

C

1

Marshall

Long Beach Twp

$869,000

4

2

1

2,264

28

SF

C

C

135

Laguna Lane

Long Beach Twp

$900,000

4

3

0

1,800

101

SF

C

C

3

Arts

Long Beach Twp

$950,000

2

1

1

1,264

10

SF

C

C

24

Joshua

Long Beach Twp

$1,150,000

4

3

1

2,300

12

SF

C

C

129

Mac Evoy

Long Beach Twp

$1,262,500

5

2

1

2,358

10

MUL

C

C

204

19th

Long Beach Twp

$912,500

0

0

0

1,008

79

SF

X

X

906

Central

Surf City

$679,000

4

1

1

1,260

194

SF

X

X

4

Magnolia

Long Beach Twp

$1,349,000

7

3

1

3,111

89

SF

X

X

115

Pearl

Beach Haven Borough

$1,849,000

8

4

1

3,429

157

SF

X

X

8 B

East 69th Street

Harvey Cedars

$2,395,000

4

2

1

1,704

168

COM

X

X

1901

long beach

Surf City

$225,000

0

0

0

0

287

COM

X

X

2103

long beach

Ship Bottom

$449,000

0

0

0

0

9

COM

X

X

2103

long beach

Ship Bottom

$799,000

0

0

0

0

341

MUL

X

X

314

16th

Ship Bottom

$649,900

0

0

0

1,830

182

MUL

X

X

2

Oceanview

Long Beach Twp

$675,000

0

0

0

1,300

32

LBI New Jersey Real Estate Sales Analysis

Overall LBI real estate market activity was a little slower especially in the pending and closed sales categories. That seems to be the trend we are witnessing right now with slower overall market activity. Prices seem to be holding steady and the surge of new inventory could certainly help to improve on the lower number of pending sales. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 2/24/2019-3/3/2019 please do not hesitate to contact me.